Short Sale

10:38 PM Ritz 0 Comments

First of all, I would like to define what short sale means. The word "short" sale literally means sale that is shorten. Yes, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. The customer agrees to take less than the amount owed on the debt, in return for the sale of the property to a third party.

Who qualifies for short sale? Below are the lists of customers that can apply for short sale:

  • Currently facing Foreclosure
  • Wants to postpone Foreclosure and Deficiency Judgments
  • Denied a modification
  • Wants to Dispose Your Debt and Avoid Future Collections
  • And more!
 If you think you've experienced the mentioned situation, then short sale is for you.